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Economy: Letters from Pandora: Past and Present World Leaders, Celebrities and Billionaires Involved

Economy: Letters from Pandora: Past and Present World Leaders, Celebrities and Billionaires Involved
Economy: Pandora’s Documents: Past and Present World Leaders, Celebrities and Billionaires Involved | hvg.hu




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Pandora's Papers: The world's past and present leaders, celebrities and billionaires are also affected

From former British prime ministers through Arab rulers to Shakira, countless famous politicians, businessmen and celebrities have fled small and big fortunes in tax havens, the latest data leaks have revealed.

Millions of documents were created through the largest international offshore data leak ever, and the so-called Pandora record revealed that 35 current and former executives also opened up offshore companies and accounts. These include British Prime Minister Tony Blair, President of Ukraine Volodymyr Zelensky, II. King Abdullah of Jordan, Uhuru Kenyatta, President of Kenyatta.

But finance ministers from Pakistan, the Netherlands or Brazil can also be linked to offshore companies, such as the former finance ministers of Malta and France, or Dominic Strauss-Khan, former CEO of the International Monetary Fund (IMF).

a german wave The study, which is said to be the largest journalistic fact-finding collaboration in history, reveals the extent to which money hiding is integrated into global monetary policy.

The processing of the documents was coordinated by a network called the International Consortium of Investigative Journalists, with over 600 journalists from 150 editorial offices around the world participating in the investigation, the only Hungarian participant in the project Direct36 Volts, which explored Hungarian affairs.

Pandora documents show that influential people who can liquidate an offshore system are more likely to benefit from it. For example, Blair has been fighting against tax evasion for years, but the former British prime minister and his wife probably levied an estate tax of $400,000. Czech Prime Minister Lady Babis, who campaigned against corruption, pumped $22 million into offshore companies, through which she bought homes and cinemas on the French Riviera, but was not on the asset declaration.

Pop and sports stars, including Colombian singer Shakira and former Indian cricket star Sachin Tendulkar, are also trying to hide their fortunes. According to the leak, more than 130 billion people took part in this form of “tax optimization”, including Turkey, Russia, the US, Mexico and India. There is Erman Ilicac, a Turkish tycoon whose company built the luxury residence of Turkish President Tayyip Erdogan in Ankara.

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Gabriel Zuckman, an expert in tax havens and a professor of economics at the University of California, Berkeley, says offshore companies and accounts for as much as 10 percent of the world’s GDP.



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